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The Fragile Structure of Free-Market Society

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  • Dubbink, Wim

Abstract

In this article thinking on corporate social responsibility (CSR) is compared with the dominant political theory of the market: the neoclassical theory. The comparison shows that thinking on CSR fundamentally collides with that theory. For example, their respective normative views on man are incompatible, as are their respective views on the modus operandi of the market. Given that CSR is desirable it follows that a new political theory of the market is needed. This article suggests some initial steps toward developing that new political theory of the market. For example, it defends the proposition that the neoclassical idea of the market as a harmonic sphere must be replaced by the idea of the market as a fragile system.

Suggested Citation

  • Dubbink, Wim, 2004. "The Fragile Structure of Free-Market Society," Business Ethics Quarterly, Cambridge University Press, vol. 14(1), pages 23-46, January.
    • Handle: RePEc:cup:buetqu:v:14:y:2004:i:01:p:23-46_00
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    Cited by:

    1. Octavian-Dragomir Jora & Matei-Alexandru Apăvăloaei & Vlad I. Roșca & Mihaela Iacob, 2020. "“Mens Sana in Sound Corporations”: A Principled Reconciliation Between Profitability and Responsibility, With a Focus on Environmental Issues," Sustainability, MDPI, vol. 12(4), pages 1-22, February.
    2. Jukka Mäkinen & Eero Kasanen, 2016. "Boundaries Between Business and Politics: A Study on the Division of Moral Labor," Journal of Business Ethics, Springer, vol. 134(1), pages 103-116, March.
    3. Michael Schwartz & Heath Spong, 2009. "Subjectivist Economics and Ethical Business," Journal of Business Ethics, Springer, vol. 90(1), pages 123-136, November.
    4. Palazzo, Guido, 2007. "Vom Stakeholder Management zur globalen Governance," KIeM Working Paper Series 28/2007, HTWG Konstanz, University of Applied Sciences, KIeM Institute for Intercultural Management, Values and Communication.
    5. Marta Cuesta-González & Julie Froud & Daniel Tischer, 2021. "Coalitions and Public Action in the Reshaping of Corporate Responsibility: The Case of the Retail Banking Industry," Journal of Business Ethics, Springer, vol. 173(3), pages 539-558, October.
    6. Richard W. Carney & Sadok El Ghoul & Omrane Guedhami & Jane W. Lu & He Wang, 2022. "Political corporate social responsibility: The role of deliberative capacity," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(8), pages 1766-1784, October.
    7. Guido Palazzo & Andreas Scherer, 2006. "Corporate Legitimacy as Deliberation: A Communicative Framework," Journal of Business Ethics, Springer, vol. 66(1), pages 71-88, June.

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